Dynamic Advisor Solutions LLC Has $438,000 Stock Holdings in Invesco Variable Rate Preferred ETF (NYSEARCA:VRP)

Dynamic Advisor Solutions LLC boosted its position in shares of Invesco Variable Rate Preferred ETF (NYSEARCA:VRP) by 108.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,101 shares of the company’s stock after purchasing an additional 9,409 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Invesco Variable Rate Preferred ETF were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Janney Montgomery Scott LLC increased its stake in shares of Invesco Variable Rate Preferred ETF by 22.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 293,322 shares of the company’s stock worth $7,095,000 after purchasing an additional 54,011 shares during the last quarter. Evolution Wealth Advisors LLC boosted its holdings in Invesco Variable Rate Preferred ETF by 1.8% in the fourth quarter. Evolution Wealth Advisors LLC now owns 460,612 shares of the company’s stock worth $11,142,000 after purchasing an additional 8,318 shares in the last quarter. Zhang Financial LLC bought a new stake in Invesco Variable Rate Preferred ETF in the fourth quarter worth $202,000. Diversify Wealth Management LLC raised its holdings in Invesco Variable Rate Preferred ETF by 37.4% during the fourth quarter. Diversify Wealth Management LLC now owns 17,020 shares of the company’s stock valued at $411,000 after buying an additional 4,629 shares in the last quarter. Finally, Ameritas Advisory Services LLC raised its holdings in Invesco Variable Rate Preferred ETF by 5.6% during the fourth quarter. Ameritas Advisory Services LLC now owns 61,698 shares of the company’s stock valued at $1,492,000 after buying an additional 3,287 shares in the last quarter.

Invesco Variable Rate Preferred ETF Trading Up 0.1 %

VRP opened at $24.30 on Tuesday. The stock has a 50-day moving average of $24.33 and a 200-day moving average of $24.30. Invesco Variable Rate Preferred ETF has a 52-week low of $23.32 and a 52-week high of $24.67.

Invesco Variable Rate Preferred ETF Profile

The Invesco Variable Rate Preferred ETF (VRP) is an exchange-traded fund that mostly invests in broad credit fixed income. The fund tracks a market-value-weighted index of variable- and floating-rate preferred stocks. VRP was launched on May 1, 2014 and is managed by Invesco.